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of a short term budget deal in the bud. calls leaders back to the white house. define big. a fresh new hampshire poll out find mitt romney holding strong. both in the primary and general but michelle bachmann has made big gains. is it time for republicans to start rally ago rounds a single candidate? some leaders think so. we'll ask the head of the republican party whether he agrees. and look at these pictures. it's a massive -- this is real. not special effects. 50 mile dust storm. it envelopes phoenix, arizona. downed trees. delayed flights. cut off power to thousands. not rain, folks. dust. wednesday, july 6, 2011. i'm chuck todd. let me get to my first reads of the morning. the idea of a short term debt deal gaining momentum in the senate. president nipped that talk in the bud. >> heard reports that there may be some in congress who want to do just enough to make sure that america avoid defaulting on our debt in the short term but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. i don't share that view. >> the president's public s
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
, of being a terror attack. large explosions. a big bomb in oslo, and then a guy who steals is police uniform or creates one and then goes to the camp, and he also had mom-making materials or a bomb on the island. you begin to say this is an awful big sort of incident to have just one person. so for a lot of reasons i think people assume, based on recent history over the last ten years, of an international terrorism conspiracy. we're now hearing maybe not. this may be a right wing extremist. somebody from their midst. >> fran, this reminds me of the oklahoma city bombing. when that happened it was also so big the initial idea was this had to be a group of some sort, and i guess it was. there were two people involved. it was not a massive group nor a big effort. >> that's right. i think one, you will find this will be hard to do alone. the times square bomber, it's hard to have one guy to get the materials and put it together correctly and detonate it. it's reasonable to suspect he had some amount of help. and we are hearing from media sources the individual in custody may have been a farmer.
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
heat threatens a big area from texas to the midwest and all the way to the east coast. temperatures in some areas soared up to 125 degrees. it was too much to bear for dozens of baseball fans. one woman suffered from heat exhaustion at yesterday's minnesota twins doubleheader. she was among 50 fans who had to be treated after passing out and becoming dizzy in this incredible heat. >> stay cool, drink water, stay under the ac. >> we had a hot day here and a huge thunder and lightning storm afterwards. >> 20 states right now, incredibly hot. stay safe. >>> take a look at your weather now on this tuesday morning. heat warnings as we said, watches and advisories in 20 states from the rockies to the east coast. severe storms threaten a big area from minnesota to north carolina. off and on thunderstorms from eastern texas to pensacola and rainy in the pacific northwest and in the rockies. >> not so bad in sacramento and boysy. we're looking at about 80 there. 106 in phoenix. kansas city 94. dallas coming in at 98. 90s from new orleans to atlanta to new york. boston at 85. >>> this story h
an agreement on the debt ceiling. >>> our top story it was touch and no go for a big waiting and wondering game to see if the weather could cooperate. about half an hour ago the "atlantis" was cleared for takeoff and off it went. take a look. >> america will continue the dream. >> this is the 135th and final space shuttle flight. with it nasa's 30-year shuttle program comes to an end. msnbc's tam ron hall host of "news nation" is live at cape canaveral. you were will watching the entire thing, tam ron. could you feel it? >> absolutely. you know, richard, before the launch, several of the veterans around here told me that you could actually feel the ground shake and ufld feel the tremor. i thought, these are urban myths that you hear. not only did ulf, i felt the tremendous morse. i felt it reverberate through my body. we are the conduit for those at home, i was moved to tears witnessing that four-person crew going up on the final launch of the shuttle program. it is incredible. "atlantis" has traveled other 115 million miles. it is the lightest in the fleet. it was built at a rapid pace because
. >> yes. i think, although "evita" was a big hit in london. "evita" when it opened here had pretty bad reviews. then the mood sort of changed. i think that's an intriguing one because in the kind of late '70s america was a little bit in denial about talking about anything political. you remember the time. after vietnam, after everything and i remember writing in the early days of the "evita" run we hit the -- same time of the russian invasion of afghanistan which nobody understood what was going on. i'm going off on a tangent. it changed -- suddenly people started to talk about politics again and said well maybe eva peron and what we were trying to say there was an interesting subject. >> how much did the critics get to you over the years? >> i didn't care very much if i don't think that the critics understand music. >> but somebody you respect, what's the most hurtful kind of thing that they would say that would get to you. >> somebody who i did respect as a musician said that the score was humdrum or something then i would be sad if i believed in the score. there are always going to
ahead with a big deal maybe triggered in or staged later? >> i heard what the president said. i don't think business itself is bothered by the debt ceiling deal or no deal. i think what they may be bothered by is the uncertainty surrounding future tax regime that's going to be required to deal with these deficits. however, factoring into the negotiations what maybe somewhat helpful to the president in a slew of numbers that by and large are totally unhelpful is we're seeing the near term effects of cutting back in government spending. it cost jobs. not just in the government sector, but also in knock on private sector jobs as well. >> steve liesman with all the numbers and what that mean. thank you so much. good to see you, steve. republicans using the bad jobs report to scuttle any new taxes in a budget deal. joining me now virginia democratic senator mark warner a key member of the so-called gang of slight, slightly shrunk to five. still hoping senators working for months on ways to reduce the deficit. your quick reaction to the jobs report first and how it will effect the negotia
. >> and in box three: another big dust storm in arizona causing travel and power problems. "good morning america" that is all ahead unless breaking news changes everything. in "studio b" but, first, from fork at 3:00 in new york, 8:00 p.m. in london where a dramatic day wrapped up of testimony in the news of the world phone i would like to say one sentence: this is the most humble day my life. >>shepard: our boss measure doctor testifying today before british lawmakers about the controversy at our company's now defunct tabloid "news of the world," which is the parent company of fox news channel. he is telling a parliamentary committee he was shocked, appalled, and ashamed, when he heard allegations that employees of the paper hacked into the voice mail of a teenage murder victim. both he and his son, the deputy chief operating officer expressing deep regret. >> i would like to say how sorry i am and how sorry we are to particularly the victim's illegal voice mail interception and to their families. it is a matter of great regret of mine, my father, and everyone at news corporation and these are
currency including the euro, jach knees yen as well as the british euro. the big news out of australia today, well, basically the aussie dollar is near a 30-year high. since last year alone the aussie dlar has risen this much, 18.6% against the u.s. dollar. tony morris told cnn there will be winners and losers because of this. >> certainly going to make it more difficult for exports overseas, particularly manufacturing. will make it much harder for the retail sec tor to compete with cheaper goods from overseas. another direct impact, it makes it much more expensive for tourists to visit. those parts of our economy for the tourist sector, we're not going to benefit so greatly from that. the wig guest winners for this are the consumers. find it far cheaper to buy hopefully things on the shelves, for example. >> so the aussie dollar's record strength comes partly thanks to the debt ceiling deadlock in the u.s., but also linked with higher-than-expected inflation down under. australia's latest cpi reading came out today at .9%. many analysts were expecting .7%. because of this higher figur
mmm. oh gosh. oh dear. big deal. you're delicious. so what. i've got news for you. there's no such thing... ...as a bear sheriff. you think i'm afraid of u? hey what? you don't have to be mean to the cake.i do. you don't. i do. just eat yoplait light. they have great flavors like... boston cream pie, raspberry cheesecake. even though i work here, i've lost weight. wow. yeah. carry on. (announcer) 28 delicious flavors at around 100 calories each. >> i'm about to really embarrass my wife. oprah: uh-huh. >> and my friend here. i have seen "the color purple," which you should've got an oscar for in 1984--i have seen it 55 times, and i want to do a little part for you. i know you remember this. [laughter] >> but here it goes. i said, "if i ever get to meet her"--and i made a dream come true. and if i can take a few minutes of your time... oprah: you are the first white man i've seen do it, though. [laughter and applause] >> and i hope i can get a hug from this. i hope i can get a hug after you see this. oprah: ok. >> you told harpo to beat me. all's my life i hads to fight. i
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> no shocker here. david wu is calling it quits. the oregon representative will resign over allegations over a sexual relationship with an 18-year-old girl. he will not make it official until the debt cei
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
>>> good day. i'm in for con tesz ya brewer. we're covering the big news from coast to coast. the hot topic is just that. we're talking about the sorching summer heat. >> beautiful weather out there if you love heat and humidity. today will be the hottest and most humid day of the summer. >> today? >> look at the numbers. right up into the triple digits. >> dallas has been baking in 100 degree temperatures for ten straight days. >> horrible. horrible. >> near hudson, texas, it's not the heat or the humidity, that's the drought. >> oouf never seen it like this. >> across the south temperatures are soaring and water levels are sinning. it's so bad a south georgia man is sharing the water from his pool. >> we're carrying buckets of water back and forth to the neighbors. >> in the midwest oppressive heat claimed one life. a man found dead inside his mobile home on sunday, the air conditioner wasn't working. >> this is oppressive and dangerous heat affecting more than 20 states and more than 90 million people. >> there are heat advisories or warnings in 24 of the 48 lower states.
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
. the president still wants a big plan that would cut the deficit by $4 trillion. twice what republicans proposed. but here's the standoff. while republicans like the idea of cutting hundreds of billions of dollars from medicaid, medicare, and social security, democrats don't. and then republicans refuse the prprident's plan to increase taxes, revenue, by cutting subsidies on oil and gas companies and closing tax loopholes for other businesses. >> to get a big package would require big tax increases. it's a terrible idea. it's a job killer. >> reporter: and of course these talks face the deadline.. august 2nd. when the government will no longer be able to borrow to pay all of its bills. >> no responsible leader would say the united states of america, for the first time in its history, should not pay its bills, meet its obligations. that would be catastrophicor the economy. >> reporter: once again, just the fact that nobody talked about what happened in this hour and a half meeting does not bode well that they made a lot of progress. >>> a plane crash has taken the lives of a florida couple and th
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questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
when a big storm blows through and the entire stage collapses. we're going to talk to a man who was standing behind the drummer taking pictures when this whole thing happened. stay right there. lutions from d, every patient file is where dr. ling needs it. now she can spend more time with patients and less time on paperwork. ♪ dell. the power to do more. when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. >>> the take away seems to be less than a dozen people had mostly minor injuries. so, david frye is cheap trick's manager, he's still standing behind there in ottawa. david, i know you were onstage, were you behind the tropicaler taking pictures, you described this as complete pandemonium, talk to me about it, what were you thinking? >> basically we were told a storm was coming in and they kind of prepped the stage for that, got a lot of people
get to be big, big problems. >> so those are some of the warnings signs, or are there warning signs that you are taking in -- that you are just too hot? >> i did get all the way to eventually the first stages of heat stroke one time in my life in nebraska when i was working outside. the first thing you need to do, obviously, drink all the water you can. if you feel crap thats in your legs or stomach, that means you are not getting that water, and you will feel not first but cramps. that's the first step. and then after that, if you feel like you can't just stand up anymore -- when i got to the point, i could not drive my car home. somebody had to drive me home because i could not function. my brain would not function at all. at 104 degrees you're in a heat stroke, and you need medical attention because you are vomiting. if you start to vomit, you need to get out of the heat and get your body temperature taken down. if you are not sweating anymore, you need to go to the hospital. >> what about the fact that it got so hot so fast? has that made a difference in a case like this? >> no
is your chance to talk back on one of the big stories of the day. today's question is what would you tell congress to do about the debt limit? carol costello is joining us from washington. carol, i bet you're going to get a lot of folks weighing in on this one. >> i urge all of our facebook friends to keep it clean. that's my only request today. what is happening in washington is political gamesmanship at its worse. it's ugly and more than a little scary. the united states has never gone into default because past administrations and lawmakers have compromised. cnn contributor john avalon says lawmakers have raised the debt ceiling 77 times including 8 tooils times under ronald reagan and back in the day politicians weren't quite so macho. many insist on standing on principal even though most americans stand on the side of good old fashioned compromise. two-thirds of americans want the president and republicans to compromise, rather than stand up for their beliefs to get things done. wow. a break from part is anship. perhaps the happiest outcome of the president's speech last night was whe
to do with what folks were just saying. you've got a big heart, and you share it with people, and nobody knows how to connect better than you do, and so we are just blessed and grateful to have you in our lives. >> thank you. thank you, mr. president. thank you, mrs. obama. >> thank you. oprah: thank you, everybody. see you tomorrow. that was great. thank you. [captioning made possible by king world] [captioning by the national captioning institute --www.ncicap.org--] too many nights alone at the spacebar. will l le ever find me? ♪ ♪ oh yes! ♪ what about love?! ♪ [ female announcer ] swiffer attracts dust. swiffer 360 dusters gets in hard to reach places. it picks up two times more dust thth a feather duster using thousands of fluffy fibers to lock dust away. you're just my type! [ laughs ] [ female announcer ] swiffer gives cleaning a whole new meaning. ♪ stars at night are big and bright ♪ ♪ deep ininhe heart of texas ♪ >> we heard that song on the way in. >> you've got cowboy boots on too, you can't see them, heels this big. >> trust us, that song actually
these clothes are too big now, so i'm donating them. nogoing back the again. good for you! how'd you do i eating right, whole grain. whole grain? whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't... multigrain cheerios has five whole grains and 110 lightly sweetened calories per serving... more grains. less you! multigrain cheerios. with the dust of pulverized porcini mushrooms and topped with white truffle shavings. >> that sounds good. i don't care what anybody says. >> it's the truffle that does it. >> but get this. tickets to the team's games top out at 20 bucks each. so, the hot dog costs four-times as much as the ticket to the game. that sounds good. i'm hungry. >> i still think i would pass on the $80 hot dog. truffle oil or not. >> wait until after the recession to spring for the hot dog. more "world news now" coming up after the break. hó >>> and while temperatures are breaking records across the country, americans are cranking up the ac to stay cool. but unfortunately, beating the heat comes with a price. >> not a pretty month
: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> pro democracy activists in syria say eight people were killed in clashes with security forces today. protesters declared this a day of no dialogue. they say the government's offer of talks isn't enough. but syria's ruth crackdown has sent a message, too. desserters from the army told cnn's ivan watson how far account government is willing to go to crush dissent. we have to warn you, some of these pictures are really hard to watch. >> syrian troops and tanks, squaring off against anti-government demonstrators, snapshots of a bloody government crackdown that's gone on for months. now a man who says he's a dee earther from the syrian army claims in an interview from cnn he was given orders to shoot unarmed protesters. >> translator: there were prot
big? yes, guys would say. >> i did go looking for answers to that very question and here's what i found. ♪ if you like it then you should have put a ring on it ♪ >> reporter: put a ring on it indeed. when you're the guy to put a ring on on kardashian, there's really only one rule. it better be big. really big. >> i'm engaged. >> color? colorless. >> cut? >> brilliant. >> clarity? >> slightly occluded. >> carat? >> almost, maybe just under, more than he could afford i'm sure -- >> reporter: the famed kim-k bling is nearly 22 carats. some say, enough already. >> i think it should be elegant. to have a chunk of stone on there, you catch it on everything, don't you. doesn't look nice. >> reporter: what ever happened to the sweet little engagement ring and spinning two months' salary? for some women bigger is always better. what do you think when you hear about this 21-carat diamond ring that kim got? >> fabulous, good on her, go for it. >> is there such a thing as too big? >> no. >> reporter: who's buying these giant rocks? lisa kline of levine jewel others madison avenue in manha
: this scandal may not seem like a big deal from afar but it's already left the prime minister scrambling, the head of scotland yard has resigned, and a skating parliamentary report accused rupert murdoch's company of deliberately trying to thwart a criminal investigation into the illegal activities of his newspaper here. >> isn't it time that we sent this non-tax paying murdoch back from whence he came? >> reporter: the prime minister didn't have to. murdoch boarded his private jet to fly home to the u.s. no doubt happy to leave london and all the turbulence behind. jeffrey cough rkofman, abc news loloon. >> certainly not over yet though as this continues to grow and we're investigating issues here. people, perhaps 9/11 victims, who might have had their cell phones hacked. >> it's scary. judging by the atmosphere there. and the number two, headlines in australia this morning, now that country may be stepping into the investigation to see if phone hacking occurred on their turf. so this thing's snowballing out of control. >> that's for sure. agreed. although you can hop in your private je
. if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people killed. he recorded
into a full-time job and eventually led to her relationship with murdoch. >>> now to potentially big, big news in washington. debt talks, big news and a very significant step forward today, says president obama, just a short time ago. the president announced the so-called senate gang of six made of members from both parties has floated this new proposal that he, the president, can work with. the bipartisan group had thrown in the towel, ditched an earlier effort to find a debt reduction package okay to both parties and now at this late date 14 days until a potential government default. they're back with a plan that the president says includes deep spending cuts and, yes, also includes tax increases. here's the president. >> here's where we stand. we have a democratic president, an administration that is prepared to sign a tough package that includes both spending cuts, modifications to social security, medicaid, and medicare that would strengthen those systems and allow them to move forward and would include a revenue component. we now have a bipartisan group of senators who agree with that ba
Search Results 0 to 49 of about 101 (some duplicates have been removed)